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There are a number of circumstances where the notes can live "offline" without further contact with us -- the primary one we think of is gifting to non-crypto s
by ccamrobertson 4y ago
There are a number of circumstances where the notes can live "offline" without further contact with us -- the primary one we think of is gifting to non-crypto savvy family.
Our denominations are also meant to imply this -- we aren't making 1 BTC notes on purpose. The goal is to provide another tool for onboarding and holding crypto.
- jbaczuk 4y agoHow does gifting to non-crypto savvy family change whether the note works offline or not? Because they don't understand it so they don't verify that it wasn't spent? Sorry I don't follow, and I'm not just trying to crap on the idea.
- ccamrobertson 4y agoIn that circumstance they don't need to be online. The recipient can scan the note entirely offline, get the private key, create a transaction and broadcast it to the Bitcoin network when they are online.
- jbaczuk 4y agoAh, so they just assume it wasn't spent already because it was a gift. Yeah might make a fun gift.